Consultation on secondary legislation to complement Finance Bill 2013
The Trusts (Capital and Income) Bill was given Royal Assent on 31 January. The Act implements, with minor modifications, recommendations of the Law Commission.
SI 2013/234
Radical change in the system ‘merits consideration’
Following a two-year pilot, HMRC has decided to move alternative dispute resolution (ADR) for SMEs and individuals into ‘business as usual’ from 2013/14 and is considering extending the process to large and complex cases.
Amendments to secondary pensions tax legislation
Information requirements
IHT manual updated
Charge will extend ‘for consistency’ to gains accruing from 6 April 2013 to UK resident non-natural persons
SI 2013/178